Author: NBTC

A leadership shakeup at crypto custody service and exchange Bakkt (BKKT) will see board member Andy Main take over as President and CEO later next week, according to a Monday press release. The current CEO Gavin Michael will step down “to pursue other opportunities,” the press release said, noting he will remain in an advisory role until 2025. “Andy has the expertise to lead the company forward from this inflection point, with a focus on broadening our institutional crypto capabilities, growing our client base, expanding internationally, and driving towards adjusted EBITDA breakeven,” Michael said in the press release. Bakkt, a…

Ripple Chief Technology Officer David Schwartz has urged validators and node operators of the XRP Ledger (XRPL) to upgrade to version 2.1.0 of the ledger’s reference server implementation, rippled. The new version which introduces significant amendments, bug fixes, and build improvements. Ripple has set a deadline of March 5 for operators to update their servers to ensure uninterrupted service and compliance with the latest protocol enhancements. Key features of the update The latest update, version 2.1.0, brings important improvements to the XRPL, making it safer and more reliable. One of the key updates helps ensure that transactions involving digital collectibles…

Wrapped crypto protocol Clone officially launched its public mainnet on March 1st, introducing Clone Markets and Clone Liquidity, platforms aimed at providing highly liquid markets for non-native assets through “cloned assets” (clAssets). Built on the Solana blockchain, this movement aims to provide a more streamlined and accessible trading experience for users. The launch is a significant step towards Clone’s goal of simplifying the trading of a broad spectrum of non-native tokens on Solana, leveraging the blockchain’s high-speed transactions and low transaction fees. “With Clone’s mainnet launch on Solana, we’re not just enabling trading of non-native tokens; we’re envisioning a future…

Hong Kong-based crypto platform Bitfinex warned BTC miners on March 15 of a potential centralization of power post-halving. Bitfinex published a comprehensive blog report forecasting financial pressure on small miners. The fourth Bitcoin halving is a widely anticipated event in the crypto sector. The halving, expected around April 19, will slash the current reward in half, from 6.25 Bitcoins per block to 3.125. Although the deflationary feature is expected to contribute to Bitcoin’s scarcity and value, new challenges are inevitable. According to the report, the upcoming halving event could prompt small miners to exit the market, leaving the field for…

South Korean authorities are discussing the potential approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) in the country, as revealed by the country’s chief of the financial watchdog. Lee Bok-hyun, governor of the Financial Supervisory Service, said in a recent radio interview that there are differing opinions among authorities. While some, like himself, hold a positive stance on virtual assets, others are more cautious. Lee emphasized the need to consider all perspectives and engage in internal discussions. “Among authorities, I am one of those who are positive about virtual assets, while there are others who are wary, and we need…

In an unprecedented move, Fetch.ai has announced a collaboration with Deutsche Telekom, Europe’s largest telecommunications provider, and Bosch, a global leader in technology and services. The partnership marks a significant milestone in the integration of artificial intelligence (AI) and blockchain technology, promising to set new standards for innovation and efficiency across various industries. Fetch.ai uniting giants for innovation Fetch.ai’s collaboration with Deutsche Telekom and Bosch is not just a partnership; it’s a fusion of strengths, expertise, and visions. Deutsche Telekom brings to the table its vast infrastructure and deep knowledge in telecommunications, with its subsidiary, MMS, playing a pivotal role…

Solana has been surging again lately, rising 38% this week alone to pass $200 for the first time since 2021—and it has skyrocketed from the sub-$10 mark it hit in late 2022. And if you’re looking to fill your wallet with even more Solana, then why not earn more by playing games? Numerous play-to-earn games are based on Solana, and either reward players with SOL itself or another token within the Solana ecosystem, which can be swapped for SOL at an exchange. In some of the examples below, you’ll need to purchase an NFT to enable in-game earnings—but it might…

A top analyst who caught last year’s crypto breakout believes Bitcoin (BTC) has entered uncharted waters and that big pullbacks are opportunities for long-term holders. In a new strategy session, pseudonymous analyst DonAlt tells his 57,500 YouTube subscribers that the meteoric rise of memecoins as of late suggests that a significant correction is in sight for Bitcoin. Although DonAlt expects a Bitcoin pullback, he thinks that spot market exchange-traded funds (ETFs) investors will make the BTC retracement quick. “With the [memecoins] going up this insanely, I think we’re going to get frothy and quick, and I think that can very…

Artificial Intelligence (AI) is set to be one of the most transformative technologies of the century. A new report from ResearchAndMarket.com projects the global AI Market is expected to be valued at around $1,057.47 billion by 2030. Unsurprisingly, this potential has fueled immense growth in AI-related stocks, including microchip giant Nvidia, whose shares have soared by nearly 1,900% over the past five years. Nvidia $NVDA just closed the trading day above a $2 Trillion market cap for the first time in its history pic.twitter.com/FHGIa5E0TP — Evan (@StockMKTNewz) March 1, 2024 Decentralization Creates AI Accessibility Despite these advancements, industry experts have…

Institutional adoption of Bitcoin, which has been increasing for years, has increased even more following the approval of spot Bitcoin ETFs. Supported by increased adoption post-ETFs, BTC has experienced a massive rally and is poised to break its ATH of $69,000. While all investors were focused on $69,000 in BTC, a Bitcoin purchase announcement came from Stanford University. Accordingly, the Blyth Fund, which manages a portion of Stanford University’s donations, allocated 7% of its portfolio to Bitcoin. Computer Science Specialist and leader of the Stanford Blockchain Club, Kole Lee, who shared from his account Stating that they made the Bitcoin…